How the price action of Esco Technologies Inc. ($ESE) is used to our Advantage
December 05, 2023, 18:45 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ESE
- Buy ESE slightly over 105.51 target 110.94 stop loss @ 105.21 Details
The technical summary data tells us to buy ESE near 105.51 with an upside target of 110.94. This data also tells us to set a stop loss @ 105.21 to protect against excessive loss in case the stock begins to move against the trade. 105.51 is the first level of support below 105.6 , and by rule, any test of support is a buy signal. In this case, support 105.51 is being tested, a buy signal would exist.
- Short ESE slightly under 110.94, target 105.51, stop loss @ 111.26 Details
The technical summary data is suggesting a short of ESE as it gets near 110.94 with a downside target of 105.51. We should have a stop loss in place at 111.26though. 110.94 is the first level of resistance above 105.6, and by rule, any test of resistance is a short signal. In this case, if resistance 110.94 is being tested, a short signal would exist.
Swing Trading Plans for ESE
- Buy ESE slightly over 107.14, target 110.94, Stop Loss @ 106.83 Details
If 107.14 begins to break higher, the technical summary data tells us to buy ESE just slightly over 107.14, with an upside target of 110.94. The data also tells us to set a stop loss @ 106.83 in case the stock turns against the trade. 107.14 is the first level of resistance above 105.6, and by rule, any break above resistance is a buy signal. In this case, 107.14, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ESE slightly near 107.14, target 105.51, Stop Loss @ 107.45. Details
The technical summary data is suggesting a short of ESE if it tests 107.14 with a downside target of 105.51. We should have a stop loss in place at 107.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 107.14, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ESE
- Buy ESE slightly over 106.37, target 107.14, Stop Loss @ 106.12 Details
If 106.37 begins to break higher, the technical summary data tells us to buy ESE just slightly over 106.37, with an upside target of 107.14. The data also tells us to set a stop loss @ 106.12 in case the stock turns against the trade. 106.37 is the first level of resistance above 105.6, and by rule, any break above resistance is a buy signal. In this case, 106.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ESE slightly near 106.37, target 105.51, Stop Loss @ 106.62. Details
The technical summary data is suggesting a short of ESE if it tests 106.37 with a downside target of 105.51. We should have a stop loss in place at 106.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 106.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Esco Technologies Inc. (ESE) available here: ESE.
ESE Ratings for December 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
100.24 |
| P2 |
106.37 |
104.93 |
105.51 |
| P3 |
107.9 |
107.14 |
110.94 |
AI Generated Signals for ESE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Esco Technologies Inc. (NYSE: ESE) data table below can help you with price action, and we have more details too. Trading plans for ESE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ESE:
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